Jim Cramer has learned nothing--Criticizes Jon Stewart for "attacking media"

From HuffPo:



"This morning, CNBC's Jim Cramer made his first appearance on the Today show since his face-off with Jon Stewart last week. Cramer ran into some tough questioning from host Meredith Viera, who asked, "Didn't have a point?"

"You had a rough week," Viera said to Cramer. " was very tough on you, tough on CNBC, basically said you had been cheerleaders for the financial bubble and you also allowed CEOs to come on the shows and essentially lie to the American public without really challenging them. I don't want to rehash the whole thing, but didn't he have a point?"

Cramer wouldn't give an inch, calling it "a naive and misleading thing to attack the media."

"We weren't behind this. CNBC, in particular, has been out front on this. ... I think there are people who bear so much more responsibility that it's just wrong-headed -- the politicians, the regulators, the SEC, the lenders, the investment banks. ... It's just a naive focus, it really is Meredith.""

http://www.huffingtonpost.com/2009/03/19/cramer-stewart-fued-conti_n_176778.html

and he said the above with a very straight face he's claiming the mantle of being one of the press when in fact he facilitated all of the problems we have now. He had his hands outstretched, all the body language that said "it's not my fault!"

Remember: There is NOTHING wrong with Bear Stearns, and there is NOTHING wrong with CNBC!

I doubt he will ever go back on the show, but yeah he learned nothing. Jon Stewart was mad at everyone and spares no one regarding the economic meltdown. Cramer is so stupid that all he took from the lashing was that Stewart was attacking the media. Stewart was pointing out that the Press has an obligation to the people not the system. Cramer is trying to do damage control, but he is going to get called out again.

They're looking for any cover that they can find, and have gone into bunker hunker mode. Meanwhile the rest of the world has seen them exposed for the frauds that they are, which is a good thing.

What happened in the stock market was above his pay grade so blaming him for the crisis is kind of lame if you ask me.

I do find it funny that one media person is blaming another media person for the mess. I guess Jon Stewart feels pretty powerful being a member of that group.

but since they don't have any media - we can't hear them

If anything I blame "flip that house" more than Cramer.

He didn't seem to have much of a defense when confronted with the facts, but when he controls the medium and knows no uncomfortable questions are coming his way, he's suddenly back in the saddle.

And the rebuttal is lame. You'd think after a week they could do better than "nuh-uh".

:crazy:

He then acted as their cheerleader. It was, at best, lousy "performance art." He's not "the media" and he's not a journalist, either. He's an entertainer, and people have gotten tired of his stupid act.

He's bipolar, too, and no, I'm not being snarky or making a joke about it (preemptive links below)--it's why his show is entitled "Mad Money"--he apparently finds that amusing. I suspect he goes off his meds sometimes. (His declared med: http://www.lamictal.com/bipolar/patients/index.html ).That's never a good thing.


http://spi.rso.wisc.edu/resources/CramerArticle.pdf
He jokes on Mad Money that he unwinds by sitting on the kitchen floor and drinking bad scotch. In truth,
he says he doesn't drink at all and instead uses the antidepressant Lamictal, which he began taking after
a test suggested that his manic, sometimes violent mood swings may be linked to bipolar depression.
"It's something that cuts off the highs," he recently told radio host Don Imus of the drug. "Candidly, my
mind races, and I need to slow it down. I needed to go 65 and not 90."

that Cramer wouldnt change a bit. He hasnt.

If he can change any part of that it is all for the better.

Sounds to me like Jeff Zucker, CEO of NBC, is behind Cramer's remarks on the Today show.

Look at what Cramer said today and what Zucker said yesterday. They are remarkably similar. So it may look like it's Cramer saying these things but it's really Jeff Zucker with his hand up Cramer's back making him say it:

Cramer: "We weren't behind this.

Zucker: "But to suggest that the business media or CNBC was responsible for what is going on now is absurd."

Cramer: Cramer wouldn't give an inch, calling it "a naive and misleading thing to attack the media."

Zucker:

– NBC Universal Chief Executive Jeff Zucker fired back at comedian Jon Stewart on Wednesday, saying it was "unfair" and "absurd" for the funnyman to criticize CNBC and question its coverage of financial news.

Zucker also made this BS statement yesterday:

Earlier, Zucker, whose NBC Universal also owns the NBC broadcast network, cable channels like Bravo and USA, theme parks and a film studio, among other businesses, said he felt the public was tired of hearing the media blamed for its coverage of financial news. "Frankly, I already think you're seeing a backlash," he said. EW YORK (Reuters)

http://news.yahoo.com/s/nm/20090318/tv_nm/us_nbc_jonstewart

All of this just goes to prove that Jim Cramer is nothing but a mouthpiece for corporate America.

Stewart didn't say that Cramer and his stupid show were to blame for the economic excesses of the robber barons. Stewart said that Cramer and his "business journalist" cronies knew all about these excesses and didn't report them. See how that is? Nobody is saying that Cramer caused Bear Stearns to go out of business; but he knew Bear Stearns was in trouble, and didn't report what he knew.

Cramer and his overlords are trying to turn the demonstrated events into some kind of absurd "CNBC caused the financial meltdown" story. What Stewart and other media critics are saying is that these "journalists" knew what was going on, but ignored it for happy talk and fluffery.

There's a difference. And the difference is between the truth and an unseemly grab for the victim mantle.

Looking back, Jim handled things well on The Daily Show, but still doesn't take away how long this went on and nothing was done until now.

CNBC has one job: Sell the party business line.

They are no more journalist than the team guys who call games for sports franchises. You know, those hometown cheerleaders who polish ever comment to aggrandize the home team?

...he's "celebu-tainment"...a loud-mouthed, annoying, flamboyant character who's found his niche and milks it all the way to the bank.